The U.S. dollar strengthened against the other major currencies in the early European session on Monday.
The U.S. dollar rose to a 4-day high of 119.50 against the yen, from an early low of 119.09.
Pulling away from early lows of 1.0894 against the euro, 1.4900 the pound and 0.9603 against the Swiss franc, the greenback edged up to 1.0825, 1.4801 and 0.9672, respectively.
Against the Australia, the New Zealand and the Canadian dollars, the greenback advanced to near 2-week highs of 0.7696, 0.7696 and 1.2649 from early lows of 0.7746, 0.7565 and 1.2594, respectively.
If the greenback extends its uptrend, it is likely to find resistance around 121.00 against the yen, 1.06 against the euro, 1.46 against the pound, 1.00 against the Swiss franc, 0.75 against the aussie, 0.71 against the kiwi and 1.28 against the loonie.
The material has been provided by InstaForex Company – www.instaforex.com